Terra Luna Proposes Deep Stablecoin & Cosmos Liquidity, USTC Up 38%
Terra Luna has put forth a proposal to establish deep stablecoin and Cosmos (ATOM) token liquidity on Terra. The aim is to have the deepest stablecoin liquidity in Cosmos and become the only ecosystem with sufficient liquidity for both Cosmos and non-Cosmos assets.
Terra Announces Progress in Deep Stablecoin Liquidity
A proposal has been submitted by Terraform Labs to whitelist USDC-USDT and ATOM-LUNA liquidity pool tokens. The goal is to create deep stablecoin and Cosmos token liquidity on Terra. If approved, TFL will work with Astroport contributors to create the necessary pools.
Whitelisting LP tokens from pools containing USDC, USDT, and ATOM will offer better APRs within Cosmos without DEX swap fees. This will attract more users to Terra.
Prices Zoom in Response
Terra (LUNA) prices have surged by 10% in the last 24 hours, reaching $0.74. There is potential for the price to extend to $0.78, supported by a significant increase in trading volume.
The price of LUNC has skyrocketed by 15%, with a trading volume rise of over 120%. It is currently trading at $0.000136.
Meanwhile, USTC has experienced a 38% surge, with the price currently at $0.0369. Trading volume has increased by 800% in recent hours.
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